Federal Reserve Gov. Christopher WallerBloomberg News At least one Federal Reserve official is leaning toward cutting interest rates at the central bank’s final monetary policy-setting meeting of the year. In a speech delivered Monday afternoon, Fed Gov. Christopher Waller said the Federal Open Market Committee can reduce the federal funds rate by an additional quarter-percentage
Stay informed with free updates Simply sign up to the Life & Arts myFT Digest — delivered directly to your inbox. His art was the other interesting thing about him. Frank Auerbach, the painter who died on November 11, put blob of colour over encrusted blob of colour until his work was literally heavyweight. (A
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is director of regional security at the International Institute for Strategic Studies and co-editor of the newly-released ‘Turbulence in the Eastern Mediterranean: Geopolitical, Security and Energy Dynamics’ With the world understandably focused on the
France’s borrowing costs have surpassed those of Greece as investors fret about the French government’s ability to pass a deficit-trimming budget — and its ability to survive at all. The far-right Rassemblement National, led by Marine Le Pen, has threatened to back a censure motion against the government as soon as next week unless its
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Russia has used cluster munitions and other highly destructive bombs to target Ukraine’s energy infrastructure, prompting emergency shutdowns across the country on Thursday. “Again, the energy industry is under massive enemy attack,” said energy
“By modernizing this key venue, we will not only attract more events and visitors but also stimulate local businesses and create a vibrant atmosphere in the area,” said D.C.’s Democratic Mayor Muriel Bowser. “Our agreement stipulates that at least 40% of contracts will be awarded to certified business enterprises, with an ambitious goal of reaching
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Having transformed the car business with his technical flair, his eye for logistics, the genius from the Bay Area tried the same in Washington. He had a record of supporting a different political party to
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Mexico’s president Claudia Sheinbaum hinted at retaliation over US president-elect Donald Trump’s proposed tariffs on her nation’s exports on Tuesday as the peso slid against the dollar. Trump vowed on Monday night to
Enjoy complimentary access to top ideas and insights — selected by our editors. The top 10 issuers for housing deals accounted for $7.41 billion in 79 deals in the first half of this year. While no issuer topped $1 billion, the New York City Housing Development Corp. came close, accounting for $997.93 million of housing
Moody’s upgraded several bonds related to hurricanes and insurance in Florida, citing the support of Florida state government.Bloomberg News Moody’s Ratings upgraded Florida hurricane- and insurance-related bonds to Aa2, affecting more than $5 billion outstanding. The agency upgraded revenue bonds from the Florida Hurricane Catastrophe Fund one notch, Citizens Property Insurance Corp. two notches and
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The indictment of Benjamin Netanyahu and Yoav Gallant on war crimes charges is a disaster for Israel. It is also a huge problem for the western alliance. Israel is getting full-throated bipartisan support